Ch04_Keyterms - KEY TERMS CHAPTER 4 parochialism Viewing...

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KEY TERMS – CHAPTER 4 parochialism Viewing the world solely through your own perspectives leading to an inability to recognize differences between people. ethnocentric attitude The parochialistic belief that the best work approaches and practices are those of the home country. polycentric attitude The view that the managers in the host country know the best work approaches and practices for running their business. geocentric attitude A world-oriented view that focuses on using the best approaches and people from around the globe. European Union (EU) A union of 25 European nations created as a unified economic and trade entity. Euro A single common European currency. North American Free An agreement among the Mexican, Canadian, and U.S. Trade Agreement governments in which barriers to trade have been (NAFTA) eliminated. Association of Southeast A trading alliance of ten Southeast Asian nations. Asian Nations (ASEAN)
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Ch04_Keyterms - KEY TERMS CHAPTER 4 parochialism Viewing...

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